Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Thursday Apr 16 2026 00:00
3 min
According to Axios, a significant stride has been made in the ongoing dialogue between the United States and Iran, with negotiation representatives inching closer to a framework agreement designed to de-escalate current tensions. This development is bolstered by the active involvement of mediators from Pakistan, Egypt, and Turkey, who are diligently working to bridge the remaining gaps between the two nations. Their efforts are particularly focused on securing a comprehensive resolution before the existing ceasefire agreement concludes on April 21st.
A Pakistani delegation, led by Army Chief Munir, arrived in Tehran on Wednesday to engage in discussions with Iranian officials, underscoring the diplomatic engagement. However, U.S. officials and sources familiar with the mediation efforts have cautioned that a definitive agreement remains uncertain, given the profound disparities that still exist between the two sides.
One U.S. official revealed that the American negotiating team, which includes Vice President Vance, White House Special Envoy Witkoff, and Senior Advisor Kushner, continued to engage in calls and exchange draft proposals with Iranian representatives and mediators on Tuesday. "They have been on calls, communicating secretly with all relevant countries, and they are getting closer and closer to consensus," the official stated, a sentiment echoed by a second U.S. official who confirmed progress made on Tuesday.
A third U.S. official elaborated on the complexities, noting, "We want to reach a deal. A part of their government also wants to reach a deal. The difficulty now is how to get their entire government to agree to this transaction." This highlights the internal political dynamics at play within Iran that could impact the negotiation's outcome.
Sources indicate that further face-to-face negotiations are highly probable in the coming days, preceding the expiration of the current ceasefire, although specific dates are yet to be finalized. Vice President Vance expressed his sentiment on Tuesday, stating, "I think the people across from us want to reach an agreement... I feel very good about where we are at this stage." This optimism is noteworthy as the Vice President has not directly negotiated with Iran's Supreme Leader, Mojtaba Khamenei.
Should a framework agreement be reached, U.S. officials and informed sources suggest that an extension of the ceasefire period would be imperative to allow ample time for hammering out the intricate details of a comprehensive accord. "The details are complex, and you can't get them done in two days," admitted one U.S. official. Another U.S. official clarified, "The U.S. has not formally agreed to extend the ceasefire. The U.S. and Iran are still in continuous contact with the goal of reaching an agreement."
U.S. officials have emphasized that the maritime blockade imposed by the Trump administration, which has effectively halted Iran's oil exports, coupled with the nation's deepening economic crisis, is intensifying pressure on Tehran. "Iran is at a dead end. They are bankrupt. We know it. And they know we know it," stated one U.S. official candidly.
Iran's daily oil exports of approximately 1.5 million barrels, generating around $140 million, have been severely impacted. Miad Maleki, a former U.S. Treasury expert on Iran sanctions and now a Senior Fellow at the Foundation for Defense of Democracies, noted, "A maritime blockade makes these revenues zero overnight." A further U.S. government official commented, "We don't need to invade Khark Island right now. We just need to strangle it to death."
Government officials pointed out that if Iran cannot export oil and its onshore storage facilities are full, it will be forced to halt pumping, potentially leading to the closure of oil wells and long-term economic devastation. "What does it mean if Iran, a country famous for its oil, cannot produce oil? It will be worse than Venezuela," a senior official remarked, illustrating the dire potential consequences for the Iranian economy.
Risk Warning: This article represents only the author’s views and is provided for informational purposes only. It does not constitute investment advice, investment research, or a recommendation to trade, nor does it represent the stance of the Markets.com platform. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.